Review Questions, Chapter 2

What is a business case? How does a business case affect an IT project?

A business plan that forecasts costs and revenues for a particular project over several years, especially to attract financing. It affects because it would say whether the IT project is good enough to go or should it be abandoned. So for any company can save money.

What is a SWOT analysis and why is it important?

A SWOT analysis is to study any factor affecting any company and how it would work. It is important because it can let the company detect its problems and its solutions to keep the company alive.

What are five common reasons for systems projects?

The Five common factors (TELOS) are Technology and system feasibility, Economic feasibility, Legal feasibility,Operational feasibility, Schedule feasibility.

What are some internal and external factors that affect systems projects?

What are some advantages and disadvantages of a systems review committee?

If you use the end users for testing it is good. Using systems people to test systems may be good for systems dept but not for end users.

What is feasibility? List and briefly discuss four feasibility tests?

Feasibility is simply weather or not something can be done. The four tests are: operational feasibility: is the proposal desirable from an operational point of view. technical feasibility: are the necessary resources available to do the project. economic feasibility: what will the project cost, will it be acceptable from a financial point of view. schedule feasibility: is there adequate time to do the work. How do tangible benefits differ from intangible benefits?

Tangible Benefit: - It is a benefit to a person or organization which can be felt and touched. It is a real benefit which is straight forward. Ex: Saving money...

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Q/ 01
Why study operations management?
Answer
All businesses want to hire bright people who can make the best decisions for the business as a whole, not the best marketing, finance, or operations decisions. They want employees who can see the big picture of how these functional areas interact. You will severely limit your career if you take a narrow functional perspective. Every decision is cross-functional in nature2. You will be working with operations and need to understand operations no matter what career path you choose. Operations is a major function in every organization, and regardless of the function in which you work, you will interact with the operations function that produces goods or services (or both). The organization in which someone works only
Q / 02
What is the difference between the terms “production management” and “operations management”?
Answer
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& the outputs are good and services IN other side, operations management refers to the systematic design, direction and control of processes that transform inputs into services and products for internal as well as external use.
Q / 03
What is the difference between operations management and supply chain management?
Answer
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...﻿Reviewquestionschapter 3
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10. Which 1997 law provides guidance on the use of encryption?
The Security and Freedom through Encryption Act of 1997
11. What is intellectual property (IP)? Is it afforded the same protection in every country of the world? What laws currently protect it in the United States and Europe?
Intellectual property is recognised as a protected asset in the United States. The U.S Copyright laws extend this privilege to the published word, including electronic formats. Fair use of copyrighted materials includes their use to support news reporting, teaching, scholarship, and a number of other related activities, so long as the use if for educational or library purposes, not for profit, and is not excessive. As long as proper acknowledgement is provided to the original author of such works, including a proper description of the location of source materials(citation) and the work is not represented as one’s own, it is entirely permissible to include portions of someone else’s work as reference.
The laws that currently protect it in the United States and Europe are the; Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) and Digital Millennium Copyright Act (DMCA).
12. How does the Sarbanes-Oxley Act of 2002 affect information security managers?
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...Chapter 3 Module ReviewQuestions
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...﻿Chapter 10 ReviewQuestions
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Name _________________Points ___________Grade_____
1. Whenever an organization diversifies, it represents investing a stockholder's funds in a way in which the individual investor is unable.
True (p. 198)
2. When firms diversify into unrelated businesses, the primary potential benefits are horizontal relationships, i.e., businesses sharing tangible and intangible resources.
False (p. 198)
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True (p. 203 – 204)
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True (p. 206)
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True (p. 206 - 207)
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True (p. 208)
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1. With an increase in demand for medical services, how will different supply elasticities affect total medical expenditures?
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1 What roles do GAAP, the FASB, and the PCAOB play in the financial reporting activities of public companies?
2 Describe the purpose of each of the four major financial statements.
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summary of the firm’s operating results during a specified time period. It includes
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expenses, such as taxes, are also included on this statement.
Balance Sheet—the purpose of the balance sheet is to present a summary of the
assets owned by the firm, the liabilities owed by the firm, and the net financial
position of the owners as of a given point in time. The assets are often referred to
as investments and the liabilities and owners equity as financing.
Statement of Retained Earnings—this statement reconciles the net income earned
during the year, and any cash dividends paid, with the change in retained earnings
during the year.
Statement of Cash Flows—this statement provides a summary of the cash inflows
and the cash outflows experienced by the firm during the period of concern. The
inflows and outflows are grouped into the cash flow areas of operations,
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3 Why are the notes to the financial...

...1) Why are information systems (IS) essential in organizations?
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2) Why do systems analysts need to know who the stakeholders are in the organization?
One of the major task and responsibilities of the system analyst is to bridge the connection of all the stakeholders in the organization. The system analyst has experience and/or knowledge in every perspective in a system and delivers their expertise in whatever section the analyst is analysing. Along with this, the system analyst must have good interpersonal communication and relation skills in order to have effective communication/relation with the stakeholders.
3) Who are the typical stakeholders in an information system? What are they roles?
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The project manager is an experience professional who takes on the monitoring of the course of the project being in terms of scheduling and budget. The project manager also ensure quality and standards upon his team.
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